![Non-Fungible Thursdays: What Happened in NFTs This Week? [Mar. 31, 2022] | CoinMarketCap](https://i.headtopics.com/images/2022/3/31/coinmarketcap/non-fungible-thursdays-what-happened-in-nfts-this-week-mar-31-2022-coinmarketcap-1509567952764473348.webp)
CoinMarketCap and nansen_ai look at some of the most exciting events in the NFT space — from coolcatsnft signing a deal with a Hollywood agency, to Madonna entering the metaverse with a BoredApeYC. Read more on CMCAlexandria 👇
. But thankfully, the long arm of the law has caught up with the alleged creators of Frosties, a well-known “rug pull.”the supposed founders of Frosties, a pair of 20-year-olds, Ethan Nguyen and Andre Llacuna, with conspiracy to commit wire fraud and conspiracy to commit money laundering.
“NFTs have been around for several years, but recently mainstream interest has skyrocketed. Where there is money to be made, fraudsters will look for ways to steal it […] As we allege, Mr. Nguyen and Mr.
Nguyen and Llacuna have each been charged with one count of conspiracy to commit wire fraud, in addition to conspiracy to commit money laundering. They could spend up to 20 years in prison for each offense.With many celebrities thronging to own a Bored Ape, the ‘Queen of Pop,’ Madonna, has joined the bandwagon. The popular singer and songwriter purchased Bored Ape #4988 for 180 ETH or $564k last week.
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